U.S. Concrete Aggregates Product Revenue an All-Time High

U.S. Concrete Inc. announced results for the quarter ended March 31, noting consolidated revenue was $285.7 million, a decrease of $48.7 million, or 14.6%, compared to the prior year first quarter, primarily as a result of lower ready-mixed concrete volumes. Aggressive cost-containment measures, operating efficiencies and growth from the aggregate products segment helped to mitigate the impact on operating income from lower revenue.

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Simonson Says Price Increases Continue

Associated General Contractors (AGC) chief economist Ken Simonson – in his latest Data Digest Report – noted that solely due to soaring residential activity, construction spending in March increased 0.2% from a downwardly revised February rate and 5.3% from March 2020 to a seasonally adjusted annual rate of $1.51 trillion, the Census Bureau reported. Because unusually mild or harsh weather…

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Volvo CE Expands Parts Distribution Network in Western U.S.

Volvo Construction Equipment (Volvo CE) has completed a 75,000-sq.-ft. expansion of its Reno, Nev., regional parts distribution center. The project, in conjunction with Volvo Group Service Market Logistics, increases floor space by 125% and brings parts closer to construction equipment customers with faster delivery times and reduced shipping costs.

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